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Ola invests $100 M in bike-sharing platform Vogo; to supply 100K scooters

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18.12.2018

Bengaluru-based dockless scooter sharing platform Vogo has raised $100 million funding from Ola. The ride-hailing unicorn will help Vogo boost its supply by investing in 100,000 scooters. With this strategic fundraise, Vogo’s offerings will also be available on the Ola app.

In August this year, Vogo had raised an undisclosed Series A funding led by Ola and Pawan Munjal, Chairman, Hero MotoCorp. Matrix Partners and Stellaris Venture Partners.

This strategic fund raise will help Vogo reduce its capital expenditure. The company currently operates in Bengaluru and Hyderabad, and plans to add over 1,000 pickup points across Bengaluru and Hyderabad in the coming year.

Anand and Bhavish

The platform claims to have severed over 20 million kilometres on its platform. Founded two years ago........

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